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Nov 9, 2012
11/12
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there is no way to avoid the fiscal cliff. spending cuts and tax increases are set to kick in next year. it with send the economy into a tail-spin. that could increase. a immediate yap household income is $70,000. if everything stays as is, that family will be hit with $3500 in taxes. >> that's 300 a month or capable and electric combined. the president will speak at 1:00 today about the potential crisis. >>> the children at hopkins gets creative and draws things and they are chosen and put on ties. they have done this for years and it has raised a lot of money if you have one today is the day to wear it. can you buy one, too. linda so is live and where are the ties sold? >> reporter: it is all in collaboration with jos a. bank, that's where can you find them. the collection is out. can you find them in the others -- stores and online. the artists who designed their own ties are wearing them. can you wave. they are troopers for getting up this early to be with us. you are with hopkins, you work with the kids. this is cool. >>
there is no way to avoid the fiscal cliff. spending cuts and tax increases are set to kick in next year. it with send the economy into a tail-spin. that could increase. a immediate yap household income is $70,000. if everything stays as is, that family will be hit with $3500 in taxes. >> that's 300 a month or capable and electric combined. the president will speak at 1:00 today about the potential crisis. >>> the children at hopkins gets creative and draws things and they are...
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Jan 2, 2013
01/13
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to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with the automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> we get to look forward to so much more. >>> victims of hurricane sandy will have to wait longer for help. lawmakers did not vote on a measure to provide aid to people affected by the storm. the senate hassocked more than $60 billion to the region, but house republicans say the price tag is too high and includes too much pork. >>> secretary of state clinton spending her fourth day in the hospital being treated for blood clots. chelsea clinton tweeted, thank you for all sending good thoughts my mom's day. grateful to her doctors and that she'll make a full recovery. still not clear how soon clinton will be able to go home. >>> overseas now, and gunman in northwest pakistan have am busheled a van, killing five pakistani teachers and two health workers. all but one were women. they were working for a p
to avoid this fiscal cliff, congress essentially set up new ones. in just two months, they're going to have to deal with the automatic spending cuts they put off, and there's going to be a nasty fight over the debt ceiling. john and paula, back to you. >> we get to look forward to so much more. >>> victims of hurricane sandy will have to wait longer for help. lawmakers did not vote on a measure to provide aid to people affected by the storm. the senate hassocked more than $60...
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Jan 3, 2013
01/13
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>>>over night, we learned that president obama signed the fiscal cliff bill, which preserves tax cuts for most americans. the agreement sent stocks surging with the dow jones up 300 points. the euphoria, ain't going to last long. big cuts with defense were not worked out, but were delayed for two months. another example of kicking that can down the road. >> and a small plane has crashed at a las vegas airport. but fortunately, no one was seriously injured. the twin engine plane skidded off the runway, burst into flames yesterday afternoon. the two people on board managed to escape before the fire engulfed the cabin. escaping without serious injuries. >>> powerful winds in southern california knocked out power and caused major travel problems. this big rig was knocked on its side by those winds, leaving the driver with a broken leg. that is some pretty hefty winds. >>> also, at a nearby construction site, work came to a halt after the winds blew down a fence and knocked over the port-a-potties. it's expected to be just as windy today. oh, you know what? the poor soul that had to clean
>>>over night, we learned that president obama signed the fiscal cliff bill, which preserves tax cuts for most americans. the agreement sent stocks surging with the dow jones up 300 points. the euphoria, ain't going to last long. big cuts with defense were not worked out, but were delayed for two months. another example of kicking that can down the road. >> and a small plane has crashed at a las vegas airport. but fortunately, no one was seriously injured. the twin engine plane...
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Jan 2, 2013
01/13
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now the fiscal cliff deal would shield income tax cuts for all workers earning less than 400,000 dollars a year and households less than 450,000 dollars. it also he prevents a tax hike on estates valued at less than 5 million dollars. it extends unemployment benefits for about 2 million people that were set to expire. what it doesn't do is raise the debt ceiling. in two months government will reach the limit on borrowing unless congress acts. bill only delays large cuts to the pentagon and other government programs. although congress missed the january 1st midnight deadline by-passing the compromise deal in the house and senate, congress can try to take credit for retroactive tax cuts. >> it's a very, very strong first step. >> this is an important one. that is critical one for the future of the country. >> reporter: so in march another round of fighting as congress tackles the debt ceiling. sherrie johnson, abc2 news. >>> immediately after commenting on the house vote the president headed to andrews air force base in maryland and this is new video from overnight where he boarded the pla
now the fiscal cliff deal would shield income tax cuts for all workers earning less than 400,000 dollars a year and households less than 450,000 dollars. it also he prevents a tax hike on estates valued at less than 5 million dollars. it extends unemployment benefits for about 2 million people that were set to expire. what it doesn't do is raise the debt ceiling. in two months government will reach the limit on borrowing unless congress acts. bill only delays large cuts to the pentagon and...
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Nov 8, 2012
11/12
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in term as fiscal cliff is a combination of expiring cuts from the bush era and billons in spending cuts. ending the cuts mean most families, like you, me, our bills to the tax bill is going to go up $1000. the spending cuts will be made in defense, medicare and unemployment benefits n all the tax hikes if they stay in place for 2013. driving that car over the cliff, though, means negative economic growth. the result of that will be the recession. think in terms now of what is happening in europe and happening there for the past year and a half. we have been seeing the headlines here. it is something we could see on our own home turf. the dow dropped and investors are worried but there are some on both sides of the aisles and now saying they want to play hard ball and see who blinks first ahead of the deadline. and more than a month away and by the way when you think about this. the house, house of representatives, they will be in session just 16 days between now and then. they get back to work next tuesday. >> kids will get in politics rarely are they this excited. >> obama. cameron is
in term as fiscal cliff is a combination of expiring cuts from the bush era and billons in spending cuts. ending the cuts mean most families, like you, me, our bills to the tax bill is going to go up $1000. the spending cuts will be made in defense, medicare and unemployment benefits n all the tax hikes if they stay in place for 2013. driving that car over the cliff, though, means negative economic growth. the result of that will be the recession. think in terms now of what is happening in...
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Nov 8, 2012
11/12
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cliff. automatic spending cuts and tax increases that will kick in january 1st, if there is no deal in congress. another reason for the stock slide is worry over europe's debt crisis, with rioting over new budget cuts in greece. >>> and another gauge of the magnitude of hurricane sandy. the impact on the auto industry. an estimated 250,000 cars and trucks could end up as total losses from the storm, which might lead to a spike in new car sales. automakers say 16,000 new vehicles, many at the port of newark, will have to be scrapped. >>> with thanksgiving just two weeks away, predictions of jam-packed planes and higher fares are proving to be true. nearly 24 million people will fly domestic airlines over the holiday, with planes about 90% full. the number of tickets already sold for christmas and new year's is up more than 50% compared to last year at this time, with prices up sharply, as well. >>> and walmart is upping the ante in high-stakes black friday shopping. the retail giant will open
cliff. automatic spending cuts and tax increases that will kick in january 1st, if there is no deal in congress. another reason for the stock slide is worry over europe's debt crisis, with rioting over new budget cuts in greece. >>> and another gauge of the magnitude of hurricane sandy. the impact on the auto industry. an estimated 250,000 cars and trucks could end up as total losses from the storm, which might lead to a spike in new car sales. automakers say 16,000 new vehicles, many...
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Nov 12, 2012
11/12
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and tax cuts known collectively as the fiscal cliff. >>> and president obama marks veterans day arlington national cemetery, laying a wreath on the tomb and noting it's the first day not in combat. >> and chilly in the nation's midsection. >>> and finally for us this morning, the new movie about an old american hero, steven spielberg's "lincoln" is all the buzz. >> yes, it is, actor daniel day-lewis took the leading role, apparently, he turned into him even when the cameras weren't rolling. more from abc's david wright. >> save yourself. >> reporter: he's a british actor embodying an american icon. >> i like how he does. >> reporter: according to the experts, daniel day-lewis nailed it. >> for this moment now, now, now! >> i've seen a lot of performances, and i've never seen anyone delve as deeply into lincoln's soul. >> reporter: daniel day-lewis immerses himself into it. while filming "my left foot" he remained in a wheelchair during takes. while filming in the last of the mow keek hands." and he got in just as deeply as the 16th president. >> i had a feeling for him in a way i've never
and tax cuts known collectively as the fiscal cliff. >>> and president obama marks veterans day arlington national cemetery, laying a wreath on the tomb and noting it's the first day not in combat. >> and chilly in the nation's midsection. >>> and finally for us this morning, the new movie about an old american hero, steven spielberg's "lincoln" is all the buzz. >> yes, it is, actor daniel day-lewis took the leading role, apparently, he turned into him...
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Nov 13, 2012
11/12
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you said, it's not a cliff. >> most pundits put it as a fiscal slope to 2014, three impacts, cut in federal spending, the bush era tax cuts which expire december 2013, the immediate payroll deduction. the bush era tax cuts, most people won't feel until 2014 when they file the 2013 tax returns. the payroll deduction, you will probably feel, for income of 50,000 , which would be a thousand dollars a year, the impact for the federal spending won't be felt until october the thousand 13, many state -- 2013. many state programs may feel an impact in june of 2013. >> the clock might be prolonged a bit. if we get in to 2013, and they kick off, how is it going to affect those paying their bills at home. >> it will be a struggle, some people, estimate, from 1000, to $3000 for a households. which would be about a utility bill on a monthly basis or a cable bill or cell phone bill. it won't be good. it won't be disastrous. the bigger picture is the jolt to the economy, may not be immediate couldn't cause the economy to kick back in to a recession, minus point 9%, to minus 3.5%. maryland has more
you said, it's not a cliff. >> most pundits put it as a fiscal slope to 2014, three impacts, cut in federal spending, the bush era tax cuts which expire december 2013, the immediate payroll deduction. the bush era tax cuts, most people won't feel until 2014 when they file the 2013 tax returns. the payroll deduction, you will probably feel, for income of 50,000 , which would be a thousand dollars a year, the impact for the federal spending won't be felt until october the thousand 13, many...
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Nov 7, 2012
11/12
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if they don't strike a deal to cut the deficit in 55 day, by law, we face the so-called fiscal cliff, taxmaggedon, a mix of tax increases and defense spending cuts that would likely plunge the economy back into recession. and give a big tax hike for virtual little every family in america starting january 1st. the president has insisted and campaigned on raising tax rates on the wealthy. house republicans campaigned on no tax increases and they won, too. today, from boehner, a hint at a willingness to compromise. >> we want you to succeed. let's challenge ourselves to find the common ground that haas eluded us. let's rise above the dysfunction and do the right thing together for our country. >> reporter: the newly elected congress looks almost exactly like the last one. the same partisan divisions, maybe even a little bit deeper, that led to failure last time. but diane, there may be a new dynamic, that looming crisis, forcing a compromise that just seemed impossible in the last time around. >> well, i'll have a chance to ask the speaker of the house, john boehner, about just that tomo
if they don't strike a deal to cut the deficit in 55 day, by law, we face the so-called fiscal cliff, taxmaggedon, a mix of tax increases and defense spending cuts that would likely plunge the economy back into recession. and give a big tax hike for virtual little every family in america starting january 1st. the president has insisted and campaigned on raising tax rates on the wealthy. house republicans campaigned on no tax increases and they won, too. today, from boehner, a hint at a...
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Dec 31, 2012
12/12
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if congress and the president are going try to stop the nation from going over the fiscal cliff. tax hikes and spending cuts are just hours away. >>> despite the looming cliff, party preparations are under way on this new year's eve, as we welcome 2013. >>> and moengs nal and triumphant return to the sidelines. for indianapolis colts coach chuck pagano. seems his inspired season is not over yet. >>> good morning, i'm john muller sitting in for rob nelson. >> and i'm paula faris. >>> it looks like secretary of state hillary clinton will be celebrating the new year from a hospital bed. >> during a routine checkup for an earlier concussion, doctors discovered she had a blood clot. he's abc's dierdre bryant. >> reporter: secretary of state hillary clinton was admitted to the hospital on sunday with a blood clot. her doctors discovered it in a followup exam for a concussion sufferered earlier in the month. >> with time and with medication, the clot will dissolve. it won't propagate further. won't cause a clot to the lung. it will recover -- someone that has this will recover fully. >>
if congress and the president are going try to stop the nation from going over the fiscal cliff. tax hikes and spending cuts are just hours away. >>> despite the looming cliff, party preparations are under way on this new year's eve, as we welcome 2013. >>> and moengs nal and triumphant return to the sidelines. for indianapolis colts coach chuck pagano. seems his inspired season is not over yet. >>> good morning, i'm john muller sitting in for rob nelson. >> and...
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Jan 1, 2013
01/13
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cliff. the bush-era tax cuts have expired so everybody's tax rates have gone up but if a compromised bill is passed, retroactively they can pass it. >> this represents the least we could have done under these circumstances. >> it fails to address the mortal threat -- uncontrolled spending. >> reporter: there's one deadline they cannot ig know. >>> the new congress begins monday at 12 p.m. karen travers, abc news washington. >> we have more at abc2news.com. just head to our home page and look for the featured stories. >>> all right. a lack at maryland's most powerful radar. very little of that precipitation has made its way north. all of it well, well south. conditions are still dry. clouds are holding tough around the area. that storm is staying south and still pretty cloudy around here. again, we stayed nice and dry. upper 30s in reisterstown, hick core ri and man chester. 42 in pape pea. cloudy and dry, getting cold. colder still as we go into tomorrow and the middle part of the week. we'v
cliff. the bush-era tax cuts have expired so everybody's tax rates have gone up but if a compromised bill is passed, retroactively they can pass it. >> this represents the least we could have done under these circumstances. >> it fails to address the mortal threat -- uncontrolled spending. >> reporter: there's one deadline they cannot ig know. >>> the new congress begins monday at 12 p.m. karen travers, abc news washington. >> we have more at abc2news.com. just...
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Nov 9, 2012
11/12
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. >> reporter: the so called fiscal cliff looming at the end of the year could have serious ramifications, $650 billion in cuts and tax increases in to effect january 1st, if there is no deal, affecting every american taxpayer. john boehner says congress needs to fix the debt problem through tax reform and entitlement reform. >> everythingto be looked at. >> reporter: boehner put the pressure on president obama to take charge on where the negotiations go. >> this is an opportunity for the president to leave to. engage the congress and works towards a solution that can pass both chambers. >> reporter: president obama invited leaders from both parties to the white house to start working to reach consensus on the very urgent issues. karen traverse, abc2 news, washington. >>> it's been two days since a of 0-inch water main break broke in baltimore, flooding north charles street. crews trying to get to the main. a huge amount of water including gas lines needed to be shut down and slowed down the process of getting to the broken main. >> our plan is to try to get this done as quickly as possib
. >> reporter: the so called fiscal cliff looming at the end of the year could have serious ramifications, $650 billion in cuts and tax increases in to effect january 1st, if there is no deal, affecting every american taxpayer. john boehner says congress needs to fix the debt problem through tax reform and entitlement reform. >> everythingto be looked at. >> reporter: boehner put the pressure on president obama to take charge on where the negotiations go. >> this is an...
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Jan 2, 2013
01/13
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the fiscal cliff deal would shield i come tax cuts for all workers earning less than 400,000 dollars a year. also prevent a tax hike on the estates valued at less than 5 million dollars and extend unemployment benefits for about 2 million people that were set to exspire. now although congress missed the january 1st midnight deadlineby-passing the compromise deal congress can try to take credit for retroactive tax cuts. >> this law is just one step in the broader effort to strengthen our economy and broaden opportunity for everybody. >> reporter: they have to deal with automatic spending cuts they put off and there will be a after they fight over the debt ceiling. sherrie johnson, abc2 news. >>> following last night's vote, congressman harris released a statement reading in part i oppose the legislation but in-- that increases taxes on 77% of people in my district. this bill is business as usual in washington and does nothing to deal with the real fiscal cliff, our 16.4 trillion dollar deficit. in fact, it adds 4 trillion dollars to the debt. he goes onto add that americans will pay a
the fiscal cliff deal would shield i come tax cuts for all workers earning less than 400,000 dollars a year. also prevent a tax hike on the estates valued at less than 5 million dollars and extend unemployment benefits for about 2 million people that were set to exspire. now although congress missed the january 1st midnight deadlineby-passing the compromise deal congress can try to take credit for retroactive tax cuts. >> this law is just one step in the broader effort to strengthen our...
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Dec 30, 2012
12/12
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swoop down from the fiscal cliff. the two senate leaders harry reid and mitch mcconnell are work on a stopgap bill. >> at some point, the negotiating process, it appears that there are things that stop us from moving forward. i hope we are not there but we are getting close. >> i want everyone to know i am willing to get this done. but i need a dance partner. >> reporter: the legislation would prevent a tax increase for reveille 98% of the -- for roughly 98% of workers extend unemployment benefits and prevent a huge cut in payments to medicare doctors. >> we should introduce legislation that would make sure middle class taxes stay where they are and there should an up or down vote. >> reporter: if they reach a deal it won't pass congress necessarily by monday night. if it doesn't every body income tax also go up. average family would pay an extra $3446 more in 2013. and farm programs would expire. potentially doubling the price of milk. and if congress doesn't pass a new bill. >> we will come back with a new congress
swoop down from the fiscal cliff. the two senate leaders harry reid and mitch mcconnell are work on a stopgap bill. >> at some point, the negotiating process, it appears that there are things that stop us from moving forward. i hope we are not there but we are getting close. >> i want everyone to know i am willing to get this done. but i need a dance partner. >> reporter: the legislation would prevent a tax increase for reveille 98% of the -- for roughly 98% of workers extend...
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Jan 1, 2013
01/13
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cliff, it's a debts crisis. >> the spending cuts that were a sticking point are now postponed for two months at least. >> much more to come on this. stay with abc2 news for late breaking details out of washington. when we're not on the air you can get updates on abc2news.com. you can also find a guide on what the deal could mean for your wallet. if youhaven't checked your tax standing with the homestead tax credit, you better do it, today is the last day. you can turn in your tax application on wednesday in person at the state tax office in baltimore city. new tonight, we have pictures of two teams -- teens arrested charged with beating another man. terrence green and dominic wardrick attacked a man on november 3rd. the man was attacked on lombard street. theman is still in the hospital. 216 people were murdered in baltimore city in 2012. font a-- tonight a vigil to remember them all. people stood together outside of the war memorial building, the mayor was there too. . >> the people who we have lost to violence on the streets, our sons, daughters, brothers, sisters, daughters, mother
cliff, it's a debts crisis. >> the spending cuts that were a sticking point are now postponed for two months at least. >> much more to come on this. stay with abc2 news for late breaking details out of washington. when we're not on the air you can get updates on abc2news.com. you can also find a guide on what the deal could mean for your wallet. if youhaven't checked your tax standing with the homestead tax credit, you better do it, today is the last day. you can turn in your tax...
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Nov 13, 2012
11/12
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cliff, what is looming after december 31st, all involves expiration of tax breaks and program cuts, and stuff you and i might not understands. the doctor with towson university is here to explain the political speak for those making budgets at home. >> thank you for joining us. when we get in to this, how much of this do the budget makers at home not understands about what congress is going to be dealing with. >> the fiscal cliff or some said a fiscal slope as many of the impacts won't be immediately felt is a three major parts, the cut back in spending, there is the expiration of the bush era tax cuts, as well as payroll deduction holiday expiration. for most people, immediate effect will be the payroll deduction taxes $1000 for someone earning $50,000 a year. then when april 2014, when you file your 2013 taxes you will see the effect of the expiration of the bush era tax cuts. for individuals since maryland is closely tied to j]
cliff, what is looming after december 31st, all involves expiration of tax breaks and program cuts, and stuff you and i might not understands. the doctor with towson university is here to explain the political speak for those making budgets at home. >> thank you for joining us. when we get in to this, how much of this do the budget makers at home not understands about what congress is going to be dealing with. >> the fiscal cliff or some said a fiscal slope as many of the impacts...
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Feb 19, 2013
02/13
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. >>> it may seem like another fiscal cliff. >> but there are warnings about pay cuts and fur lows. find out who could be affected. >>> sounded like a rocket. >> a woman survived a triple shooting. >>> he shot a classmate on the first day of school. how much jail time. >> big changes on the way. harsh words as he speaks. >> but we gain with video -- begin with video with rain that's coming down. >> the roads are still really slick. >> let's head over to wyatt everhart. looks like a loot going on. we had snow earlier toward the state line. as we look at the temperatures, we're looking cold. towson 41. 44 in annapolis. when you add the wind gusts up around 20 to 27 miles an hour, that makes it feel colder. as we head back to the radar picture you can see the showers beginning to
. >>> it may seem like another fiscal cliff. >> but there are warnings about pay cuts and fur lows. find out who could be affected. >>> sounded like a rocket. >> a woman survived a triple shooting. >>> he shot a classmate on the first day of school. how much jail time. >> big changes on the way. harsh words as he speaks. >> but we gain with video -- begin with video with rain that's coming down. >> the roads are still really slick....
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Feb 12, 2013
02/13
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you will remember that from the fiscal cliff. but also by avoiding the auto cuts and additional spending, that's going to require congressional approval. and that's going to set the president once again on a collision course with house republicans. >> it's time for washington to get back to the basics. we can't continue to spend money we don't have. >> the president is going to elaborate on big themes from the inaugural speech among them immigration reform climate change and gun violence. democrats are placing a emphasis on gun control and gabby giffords will be in the house chamber for the address. also going to be there are parents of the slain chicago teen who played at the president's second inauguration and they will sit with first lady michelle obama. now among those in the group will be outspoken gun advocates ted nugent who is going to be aguest of texas republican representative stockman. following the address, marco rube yeah will deliver the gop response for the state of the union and speaking both in spanish and engli
you will remember that from the fiscal cliff. but also by avoiding the auto cuts and additional spending, that's going to require congressional approval. and that's going to set the president once again on a collision course with house republicans. >> it's time for washington to get back to the basics. we can't continue to spend money we don't have. >> the president is going to elaborate on big themes from the inaugural speech among them immigration reform climate change and gun...
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Nov 9, 2012
11/12
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we begin with the impending budget faceoff that has the country teetering on the edge of a fiscal cliff. >> president obama will speak from the white house today about his game plan to grow the economy as well as cut the deficit. and republicans say they are ready to make it happen. abc's tahman bradley is in washington this morning. good morning, tahman. >> reporter: good morning, paula and rob. shortly after he was re-electioned, president obama called congressional leaders to discuss the so-called fiscal cliff. it's a major problem. it has to be solved by the end of the year. republicans and democrats have signaled they're ready to talk. but there's a major hurdle. a showdown's looming in washington, even as democrats and republicans strike a conciliatory tone post-election, both sides are set to collide over taxes. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. >> reporter: in an exclusive interview with abc news, house speaker john boehner drew a hard line on raising taxes. but opened the door of raising more revenue as part of a deficit reduct
we begin with the impending budget faceoff that has the country teetering on the edge of a fiscal cliff. >> president obama will speak from the white house today about his game plan to grow the economy as well as cut the deficit. and republicans say they are ready to make it happen. abc's tahman bradley is in washington this morning. good morning, tahman. >> reporter: good morning, paula and rob. shortly after he was re-electioned, president obama called congressional leaders to...
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Dec 26, 2012
12/12
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his cutting short his hawaiian vacation, to return to washington to avoid the fiscal cliff. >>> deep discounts. if you're not sick of the mall just yet, you're going to find sales today. >>> and the holiday homecoming. one family never imagined was possible. how a chance encounter by a caring stranger put a pup back in the arms of the little girl who loves her. >>> good morning, everyone. i'm muhammad lila. >> and i'm brandi hitt. paula and rob are off this morning. travel could be a challenge across much of the country. tornadoes, rain, snow, even a blizzard are all a threat. >> they are picking up the piece of a series of storms turned deadly. wendy gillette is joining us with more now. wendy? >> reporter: muhammad and brandi, we may dream of a white christmas. and many of us got one. but these storms also delivered a deadly punch, all across the country. >> oh, jesus. look at that tornado. >> reporter: this is just 1 of more than 30 reported tornadoes that touched down on christmas day, leaving behind heavy damage. >> still on the ground for over a minute. >> reporter: this one ro
his cutting short his hawaiian vacation, to return to washington to avoid the fiscal cliff. >>> deep discounts. if you're not sick of the mall just yet, you're going to find sales today. >>> and the holiday homecoming. one family never imagined was possible. how a chance encounter by a caring stranger put a pup back in the arms of the little girl who loves her. >>> good morning, everyone. i'm muhammad lila. >> and i'm brandi hitt. paula and rob are off this...
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Jun 10, 2012
06/12
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what we need to do is find someone to avoid the fiscal cliff sxl does that mean extending the tax cuts? >> they'll have to put everything off. >> i'm very sorry about what happened yesterday. what i thought that something had to done on the fiscal cliff before the election. >> he might be barack obama's most frustrating surrogate. hit's talk about it on our roundtable. mike huckabee, you ran a lot of campaigns. the thought that he didn't understands when those tax cuts will kick in, this is the smartest political mind alive today. >> and you do a pretty mean president clinton imitation? >> i'm known to. the way that he governored, people get bumper stickers, i miss bill. he was a governor, he understood the dynamics of it. what's hurting barack obama, he simply doesn't understand the dynamics of being a chief executive. he has never been in that position and it's showing. >> well -- >> go ahead. you get him first. >> the answer is, it's hard to expect the president to reach out when in the first year, in the middle of the first year the republican leader in the senate said our number o
what we need to do is find someone to avoid the fiscal cliff sxl does that mean extending the tax cuts? >> they'll have to put everything off. >> i'm very sorry about what happened yesterday. what i thought that something had to done on the fiscal cliff before the election. >> he might be barack obama's most frustrating surrogate. hit's talk about it on our roundtable. mike huckabee, you ran a lot of campaigns. the thought that he didn't understands when those tax cuts will...
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Oct 2, 2012
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economists are warning if congress drives off what is so-called the fiscal cliff, there will be automatic tax increases and deep spending cuts on january 1st. >>> the federal mortgage task force is filing its first action against a major bank. the civil lawsuit against jpmorgan chase alleges massive fraud involving mortgage-backed securities. rather than a specific deal, the complaint focuses on improper practices through bear stearns, which jpmorgan chase acquired after it went bust. >>> american express is agreeing to refund $85 million to credit card customers. federal agencies say the company charged improper late fees and deceived credit card customers about old debts and new services. >>> there is a major recall from honda this morning. it affects 600,000 accords with v6 engines from 2003 to 2007. the power steering might come loose and leak fluid causing a fire. only one fire has been reported thus far. honda will replace the hoses for free but won't have replacement parts available until early next year. >>> prosecutors here in new york say bernie madoff's ponzi scheme actually st
economists are warning if congress drives off what is so-called the fiscal cliff, there will be automatic tax increases and deep spending cuts on january 1st. >>> the federal mortgage task force is filing its first action against a major bank. the civil lawsuit against jpmorgan chase alleges massive fraud involving mortgage-backed securities. rather than a specific deal, the complaint focuses on improper practices through bear stearns, which jpmorgan chase acquired after it went bust....
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Nov 13, 2012
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cliff. democrats and republicans are divided on how to cut the deficit. >>> this is how many people will be hitting the roads and skies. aaa releasing the travel forecast, about 42.5 million people traveled 50 miles or more last year. >> new jersey is ending the gasoline rationing this morning, chris christie says supplies are back to normal and no reason for drivers to wait in line. imposed the rationing following super storm sandy. >>> president and vice president meeting with members from the labor community and how to avoid the fiscal cliff. >>> veterans at the va medical center are getting a visit, ravens players spending time with them. it's part of the salute to service military appreciation initiative. >>> sports, steelers tbeat chiefs last night -- beat the chiefs last night. final score from the game was 16-13, a wet one. the ravens take on the steelers sunday night at heinz field, coming off of a record win against the raiders, talking about the ravens that, the question, will big
cliff. democrats and republicans are divided on how to cut the deficit. >>> this is how many people will be hitting the roads and skies. aaa releasing the travel forecast, about 42.5 million people traveled 50 miles or more last year. >> new jersey is ending the gasoline rationing this morning, chris christie says supplies are back to normal and no reason for drivers to wait in line. imposed the rationing following super storm sandy. >>> president and vice president...
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Nov 16, 2012
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, known as the fiscal cliff. and later, the president gathers input from the naacp, the aarp, as well as other advocacy groups, as well. >>> it's time for the weather from across this country. wet along the california coast for most of the day. rain expected to spread up the coast to seattle and portland later in the day. and at night, the mid-atlantic region will see a few showers. scattered snow across the desert southwest. >> it is warmer than usual in colorado springs. 50s in chicago and indianapolis. fargo is the cold spot today at 37. honolulu, doesn't that sound nice? will enjoy a high of 83. >> life is tough in hawaii. >>> when we come back, how low can they go? new mortgage rates like we've never seen before. >>> and the future of twinkies, hanging in the balance today. will it all end with some sweet sorrow? >>> and twihards hit the midnight showings of the final "twilight" movie. and the first fan reviews are just coming in. >>> welcome back, everybody. there is a huge settlement this morning, stemming
, known as the fiscal cliff. and later, the president gathers input from the naacp, the aarp, as well as other advocacy groups, as well. >>> it's time for the weather from across this country. wet along the california coast for most of the day. rain expected to spread up the coast to seattle and portland later in the day. and at night, the mid-atlantic region will see a few showers. scattered snow across the desert southwest. >> it is warmer than usual in colorado springs. 50s in...
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Dec 28, 2012
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. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york. thank you. >>> the country has lost one of its great warriors. tributes are pouring in this morning for retired general norman schwarzkopf. the general died yesterday in tampa after a battle with pneumonia. schwarzkopf commanded "operation desert storm" that drove iraqi forces from kuwait. in retirement, he championed causes. norman schwarzkopf was 78. >>> now, to former president george h.w. bush's condition. his chief of staff says he will be in the hospital for a while. the 41st president is recovering from a terrible case of bronchitis with a series of complications. she says that mr. bush is g
. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york....
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Nov 11, 2012
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the best way might be do off the cliff, have the tax cuts expire and then come back. that could have an impact on economic growth. >> look, no one wants to go off the fiscal cliff, but, a fair deal is absolutely critical here, i'm delighted to hear speaker boehner and i know senator chambliss has said repeatedly that revenue has to be a part of it. but how that revenue is collected a critical. if it's just eliminating tax loopholes that affect middle-class families and they don't have a mortgage deduction or a charitable deduction or we raise their copay on medicare. all of that revenue falling on the middle class isn't a fair and balanced way to get to a deal. so, how that is distributed is a critical part of that. the senate has passed a bill that extends the tax cuts for 98% of americans and if the house will pass that bill, we're well on our way to working towards a solution before that fiscal cliff. >> senator chambliss, the president called for that on friday as well. do you think that they should pass that bill that already passed the senate? >> i don't think s
the best way might be do off the cliff, have the tax cuts expire and then come back. that could have an impact on economic growth. >> look, no one wants to go off the fiscal cliff, but, a fair deal is absolutely critical here, i'm delighted to hear speaker boehner and i know senator chambliss has said repeatedly that revenue has to be a part of it. but how that revenue is collected a critical. if it's just eliminating tax loopholes that affect middle-class families and they don't have a...
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Nov 8, 2012
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back at home, the concerns about the fiscal cliff. mark explained itch a deal is not reached by january 1, tax increases and government spending cuts of $800 billion automatically take effect. that isser to number one for capitol hill. >>> yes, former congresswoman, gabrielle giffords, coming face to face today with the man who almost took her life. abc news has learn that gifford and her husband, astronaut mark kelly, will been tucson in a courtroom there when jared sen. kelly is expected to make a statement before the court. loughner killed six people during that shooting rampage. giffords was among 13 that were wounded. and, on world news last night, diane sawyer, recounted an in the view she had with her and asked her if she had any hard feelings what would she say. i don't have any. no, no, no. just kind of shows the type of woman that gabrielle giffords is. >> absolutely. absolutely. simply unbelievable reason, heist, to show you from an area of north london, should say. the robbers did not bother with getaway cars here. they dr
back at home, the concerns about the fiscal cliff. mark explained itch a deal is not reached by january 1, tax increases and government spending cuts of $800 billion automatically take effect. that isser to number one for capitol hill. >>> yes, former congresswoman, gabrielle giffords, coming face to face today with the man who almost took her life. abc news has learn that gifford and her husband, astronaut mark kelly, will been tucson in a courtroom there when jared sen. kelly is...
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Nov 16, 2012
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cliff. >> the president wants to continue the bush-era tax cut for most people but expire for the top 2% of earners. republicans were seeking extensions for everyone but boehner said tax hikes are on the table as long as three come with spending cuts. diane sawyer will have more after abc2 news at 6:00. >>> the fight against domestic violence continues. the state unveiled a program that will be hospital-based and gbmc is receiving $27,000 in state funds. it will expand services. the program aims to find victims in an early stage of the cycle and give them the support to prevent physical or emotional harm. similar programs are in place at mercy and sinai hospital. >>> winter may not officially begin for another month. the looming threat of snow has the city gearing up for a possible winter storm. the equipment has been checked out and it's already to go. people should have an emergency kit for a possible storm. you might have used up some of your supplies during sandy. so this is your time before the snow hits or hopefully won't hit to get prepared again. >> that's good advice. the bas
cliff. >> the president wants to continue the bush-era tax cut for most people but expire for the top 2% of earners. republicans were seeking extensions for everyone but boehner said tax hikes are on the table as long as three come with spending cuts. diane sawyer will have more after abc2 news at 6:00. >>> the fight against domestic violence continues. the state unveiled a program that will be hospital-based and gbmc is receiving $27,000 in state funds. it will expand services....
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Dec 23, 2012
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problem that exist, even if you resolve the fiscal cliff we still have a fiscal problem and argue over both tax increases which everybody knows needs to go up in order to fix it and spending cuts and entitlements. >> it may not exist in washington. on your point about dogma, grover norquist, of course, you are you've popularized the no tax pledge for many years. on this plan by the speaker which would have loued taxes to go up your group said it wasn't a tax increase and that still wasn't good tough for a lot of house republicans. >> look, let's understand, there is a plan to actually solve the debt that's been run up, the deficits to continue, entitlement reform and tax reform to get more pro-growth, tax reform and that's the ryan plan passed twice by the house of representatives. people can talk -- >> no support from the president. it's not going anywhere. >> the democrats haven't done a budget in three, four year, haven't put anything forward that deals with entitlements. there's one and only one plan that has actual ily been passed by one house. the president hasn't put anything fo
problem that exist, even if you resolve the fiscal cliff we still have a fiscal problem and argue over both tax increases which everybody knows needs to go up in order to fix it and spending cuts and entitlements. >> it may not exist in washington. on your point about dogma, grover norquist, of course, you are you've popularized the no tax pledge for many years. on this plan by the speaker which would have loued taxes to go up your group said it wasn't a tax increase and that still wasn't...
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Dec 26, 2012
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. >>> now that christmas is over, we are days away from this looming fiscal cliff which would raise taxes on all americans and immediate cuts. some agencies are phages furloughs -- facing furloughs. president obama and congressional leaders are cutting their vacation short to be back in washington but it's not clear whether a last-minute deal can be reached. >> i don't want to go over the cliff. >> middle class people will have their taxes go up an average of $2,000 a career and we should start making meaningful reform on the debt. >> there's talk about a smaller deal by harry reid that would prevent tax increases on those earning less than $250,000. >>> starbucks has come up with a democratic way for people to send a message to washington. the coffee giant is asking the stores to write the words come together on all drinks served tomorrow and friday. >>> well, they invested in a finance company owned by a now infamous baltimore insurance pitch man. now that hal katz business has gone belly up, they're out of luck. investigators continue digging into the story we first brought you in octo
. >>> now that christmas is over, we are days away from this looming fiscal cliff which would raise taxes on all americans and immediate cuts. some agencies are phages furloughs -- facing furloughs. president obama and congressional leaders are cutting their vacation short to be back in washington but it's not clear whether a last-minute deal can be reached. >> i don't want to go over the cliff. >> middle class people will have their taxes go up an average of $2,000 a...
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Nov 16, 2012
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they will discuss ways to avoid what they have been calling the fiscal cliff. aid series of tax increases and spending cuts to things like the defense budget and medicare that can take efct by the end of the year. the pre wants to keep tax cuts for the middle class and increase taxes on americans making more than 250,000 a year. republican leaders wants more spending cuts and no increases in taxes. >>> one week age was handing in his resignation. >> today former cia director general david petraeus returns to capitol hill and appears before the house and sen isate commitees in three hours to talk about the attack on the u.s. consulate in libya. it killed the u.s. ambassador and three other americans. yesterday, lawmakers watched the video of the attack. >>> you can meet ravens players today while helping out with a good cause. ray rice will be at stuff a bus. the event is happened at the shop rite in at that mownium -- timonium. they are teaming with up mix 106.5 to replenish the food banks and anyone who donates canned good eye teams will have a chance to wayne
they will discuss ways to avoid what they have been calling the fiscal cliff. aid series of tax increases and spending cuts to things like the defense budget and medicare that can take efct by the end of the year. the pre wants to keep tax cuts for the middle class and increase taxes on americans making more than 250,000 a year. republican leaders wants more spending cuts and no increases in taxes. >>> one week age was handing in his resignation. >> today former cia director...
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Feb 24, 2013
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t-minus five days to yet another fiscal cliff. $85 billion across the board spending cuts. >> that's right. president obama warning of dire consequences, from air travel to food safety. how bad will it really be? let's go to george george stephanopoulos host of "this week" for more. the president is sounding the alarm. unlike the fiscal cliff at the beginning of the year, you're not seeing much pressure from the economists. are politicians overstating this? >> you said that $85 billion in across the board cuts. the congressional budget office said that it's only going to be about half that. the potential for close to a million federal workers out of work. pay cuts for federal workers. unemployment checks going down and big effects on defense as well. we'll have to see how this plays out over several weeks. but the blame game is in full swing right now. and i would be cautious about wall street's response. there's a lot of strength to the economy. most economists do agree, if the sequester actually kicks in, it will harm economic growth this year. >> we're lurching from crisis to cris
t-minus five days to yet another fiscal cliff. $85 billion across the board spending cuts. >> that's right. president obama warning of dire consequences, from air travel to food safety. how bad will it really be? let's go to george george stephanopoulos host of "this week" for more. the president is sounding the alarm. unlike the fiscal cliff at the beginning of the year, you're not seeing much pressure from the economists. are politicians overstating this? >> you said...
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Dec 18, 2012
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. >>> we turn to what may be a major breakthrough in the stalemate over the fiscal cliff. everyone's taxes go up. every federal program set to be cut in 14 days. after a new offer from the white house, the two sides may have a deal in sight. jon karl on capitol hill. house speaker john boehner will talk to his troops about where things stand. >> reporter: the speaker will speak with the rank and file republicans about the latest offer from the white house. although, there are significant differences, we're now seeing, for the first time, real signs of progress. the president is making some significant concessions, offering more spending cuts, asking for less in the way of tax increases. the offer includes $1.2 trillion in tax increases. that's down from $1.6 trillion the president had initially asked for. he is talk about raising taxes on those making over $400,000 a year instead of $250,000 a year. and he is talking about limiting the amount of cost of living increases for social security recipients. and asking for a two-year extension of the debt limit, not indefinite ex
. >>> we turn to what may be a major breakthrough in the stalemate over the fiscal cliff. everyone's taxes go up. every federal program set to be cut in 14 days. after a new offer from the white house, the two sides may have a deal in sight. jon karl on capitol hill. house speaker john boehner will talk to his troops about where things stand. >> reporter: the speaker will speak with the rank and file republicans about the latest offer from the white house. although, there are...
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Dec 27, 2012
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of the looming fiscal cliff deadline. it is now just five days away. is there any movement on either side? how many times can we ask this question of abc chief white house correspondent, jonathan karl, joining us this morning. dare i ask, where we stand this morning? >> reporter: good news and bad news. the president's coming back to washington. the senate's coming back. they're ready to strike a deal. the bad news, josh, no progress whatsoever. and in fact, the treasury department said that the government on monday will hit the limit of how much money we can borrow to run the government. they're going to do some extraordinary measures to keep us running to february. but things look grim. the one sliver of good news i can say on the substance is, the speaker's office tells me this morning there has been contact between the speaker of the house and the president, at least on the staff level. and they won't say whether or not the two men actually spoke. >> contact. hazahs all around. what do we really mean? >> reporter: eve
of the looming fiscal cliff deadline. it is now just five days away. is there any movement on either side? how many times can we ask this question of abc chief white house correspondent, jonathan karl, joining us this morning. dare i ask, where we stand this morning? >> reporter: good news and bad news. the president's coming back to washington. the senate's coming back. they're ready to strike a deal. the bad news, josh, no progress whatsoever. and in fact, the treasury department said...
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Dec 27, 2012
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where priority number one is avoiding the fiscal cliff. >> unless mr. obama and congress can reach a new deal by the new year, deep spending cuts will be taking effect. and while the president takes his flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their family. >> i want to talk a bit about the girls. we've been watching them grow up from little girls to young ladies. malia recently got her first cell phone. do you monitor it and see who she calls or who she texts? >> i give my daughter, i give her a long rope, and there is monitoring, because we have rules. but monitoring may be, you never know when i'm going to walk in your room and i'm going to ask you who are you talking about and are you talking about school work? >> and they're not very good at lying. we joke sometimes about how malia is getting to the age now, boys start calling and sort of -- i always talk about how one of the
where priority number one is avoiding the fiscal cliff. >> unless mr. obama and congress can reach a new deal by the new year, deep spending cuts will be taking effect. and while the president takes his flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their family. >> i want to talk a bit about the girls. we've...
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Dec 27, 2012
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. >>> now, to the fiscal cliff. still looming large as president obama returns to the white house this morning. the president cut short his christmas vacation in hawaii to get back to washington. congress will be in session today, amidst fading hope that a deal could be reached by the new year. no agreement would mean spending cuts and historic tax hikes for virtually every american. >>> officials in newtown have a message for people who want to send gifts to the grief-stricken town. please don't. they say gifts have arrived in such numbers, they overwhelmed the small community's ability to process them. a fund established after the shooting to support newtown has grown to $3.5 million. >>> meanwhile, hundreds of schoolteachers plan to attend firearms training today in salt lake city. the 200 teachers come from districts across utah. they have volunteered for the concealed weapons training. organizers say in past years, only a few dozen teachers attended the training. they're expecting an overflow crowd because of t
. >>> now, to the fiscal cliff. still looming large as president obama returns to the white house this morning. the president cut short his christmas vacation in hawaii to get back to washington. congress will be in session today, amidst fading hope that a deal could be reached by the new year. no agreement would mean spending cuts and historic tax hikes for virtually every american. >>> officials in newtown have a message for people who want to send gifts to the...
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Feb 10, 2013
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the president accepted no spending cuts back in the fiscal cliff deal 45 days ago. so you get all no spending cuts back then. then you're going to get no revenue now. >> well, tom, the problem with saying this is the president's idea is that you voted for the budget control act. i voted against it. we wouldn't have ever been talking about the budget control act, but for your party refused to negotiate on the debt ceiling something has been routinely increased as the country needed it. you use that occasion -- go that is not the case. >> you used that occasion in 2011, august to basically say, we are going to let -- we're going to default on the country's obligation or you'll give us dramatic spending cuts. that's how we got to the budget control ago. let me tell you, the bottom line is this sequester will put a million people out of work, no, 600,000, excuse me, got to get my numbers right, 600,000 people out of work and this is going to increase unemployment, it's going to increase the deficit because people paying taxes means that we're lowering the deficit. it's
the president accepted no spending cuts back in the fiscal cliff deal 45 days ago. so you get all no spending cuts back then. then you're going to get no revenue now. >> well, tom, the problem with saying this is the president's idea is that you voted for the budget control act. i voted against it. we wouldn't have ever been talking about the budget control act, but for your party refused to negotiate on the debt ceiling something has been routinely increased as the country needed it. you...
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Jan 1, 2013
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. >>> medicare reimbursement could take a hit if the fiscal cliff is not averted. reimbursements to doctors will be cut by nearly 30% beginning today because congress may have failed to make the adjustments for medicare payments. it could mean more doctors refewing to treat medicare patients. >>> 2013 will be remembered as landmark year for same sex couples and many couldn't wait to get to city hall at the stroke of midnight. today is a big day as same sex marriage can officially happen in the state. sherrie johnson is live downtown where couples were lined up to say their i dos it was a big morning for many. >> reporter: that's right. a little after midnight 7 same sex couples gathered right here in downtown baltimore at city hall to say their eye dos. this is definitely a historic day for maryland. the couples waited patiently at city hall to say their vows. baltimore mayor stephanie rawlings-blake hosted some of the marriages for same sex couples and perform the first ceremony. couples brought friends and family to take part in the historic ceremony. new year's
. >>> medicare reimbursement could take a hit if the fiscal cliff is not averted. reimbursements to doctors will be cut by nearly 30% beginning today because congress may have failed to make the adjustments for medicare payments. it could mean more doctors refewing to treat medicare patients. >>> 2013 will be remembered as landmark year for same sex couples and many couldn't wait to get to city hall at the stroke of midnight. today is a big day as same sex marriage can...
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. >> reporter: phrases like fiscal cliff and debt ceiling behindous the americans have sequestration to worry about. if congress takes no action, across the board spending cuts will be imposed on march 1st. democrats on thursday proposed toe delay the cuts. >> we can't cut research and develop and the american people understand that. >> we are talking about 2 1/2% of what we spend this year and this is just the first year of 10 years of cuts. so you have to be realistic about this. families all across the country have had their budgets cut by larger than that. >> reporter: the 85 billion dollars in cuts to federal agencies could lead to furloughs for as many as 2 million workers. the pentagon fears it could have a drastic effect on -- and republicans says it's coming. >> we are here because the president back in the last session of congress refused to cut spending in in anyplace and we wound up with it. >> reporter: there's uncertainty over the deadline senator schumer appears confident the sequester will be avoided. >> their arguments don't meet the favor of hardly anyone other than
. >> reporter: phrases like fiscal cliff and debt ceiling behindous the americans have sequestration to worry about. if congress takes no action, across the board spending cuts will be imposed on march 1st. democrats on thursday proposed toe delay the cuts. >> we can't cut research and develop and the american people understand that. >> we are talking about 2 1/2% of what we spend this year and this is just the first year of 10 years of cuts. so you have to be realistic about...
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Dec 26, 2012
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a deal as that fiscal cliff nears. now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house with the president and the first lady. tonight here, some rare personal questions answered about their own relationship and their girls. one of whom just got her first cell phone. >> reporter: i want to talk a bit about the girls. we have been rawatching them gr up from little girls to young ladies. now, malia recently got her first cell phone. do you monitor it? and see who she calls or who she texts? >> i give my daughter at this age, i give her a long rope. you know, and there is monitoring, because we have rules, but monitoring may be,
a deal as that fiscal cliff nears. now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house...
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Nov 16, 2012
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cliff. if congress does not act before the end of the year, spending cuts and tax increases will go into effect and will affect everyone. >> had a very constructive meeting. >> constructive meet huge constructive meeting. >> congress will recess for the holiday weekend. they said they will continue working. >> >> the resolution of some close races are giving democrats a bump in seats in congress. the party gained five seats since the election. the most recentcomming from a contest in california. three other races are too close to be called and a fourth will be settled in a december runoff. >>> hotel rooms, you know, they're required to have smoke detectors to protect people. >> why a carbon monoxide detector has a real risk. >> he teaches at the naval academy but he's hoping to make big cash. >> weather wise today, some morning cloud cover and the sunshine out in force, still a chill in the air. will the weather hold. we'll talk about that from the other side of the break. >>> experts feel i
cliff. if congress does not act before the end of the year, spending cuts and tax increases will go into effect and will affect everyone. >> had a very constructive meeting. >> constructive meet huge constructive meeting. >> congress will recess for the holiday weekend. they said they will continue working. >> >> the resolution of some close races are giving democrats a bump in seats in congress. the party gained five seats since the election. the most...
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Feb 21, 2013
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the phone call marked the first time they have talked on this issue since the fiscal cliff deal. the president said yesterday that it never should have gotten to this point. >> these automatic spending cuts that were put into place back in 2011 were designed to get congress to actually avoid them by coming together with more sensible approaches. >> reporter: yesterday the pentagon said if the cuts happen it'll furlough most of its 800,000 civilian work force. losing one day of work a week for up to 22 weeks would mean a cut of 20% in pay. military people would be exempt but. >> the across the board cuts to defense will harm our national security interests, will reduce our readiness. >> reporter: the cut also have a ripple affect across the nation. tsa agents could be furloughs meaning longer lines at security. 1,000 fbi and other agents off the job and 70,000 preschoolers dropped from head start. next week the president will hit the road to highlight what the white house called the real world impact of these cuts including lost jobs. abc news washington. >> now if an agreement is
the phone call marked the first time they have talked on this issue since the fiscal cliff deal. the president said yesterday that it never should have gotten to this point. >> these automatic spending cuts that were put into place back in 2011 were designed to get congress to actually avoid them by coming together with more sensible approaches. >> reporter: yesterday the pentagon said if the cuts happen it'll furlough most of its 800,000 civilian work force. losing one day of work...
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Nov 13, 2012
11/12
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the pressing issue is figuring out how to keep american from going off the fiscal cliff. if it isn't resolved taxes will increase and a huge federal spending cut across the board. president obama plans to meet with leader as at the white house this week. >>> president obama and vice president joe biden are taking america's economic woes seriously. today the two will be meeting with leaders from the labor community to discuss the deficit. president obama is expected to meet with members of the business community, to talk about the fiscal cliff tomorrow. >>> we introduced you to ab gel evan, days before the presidential election. as you may recall, the 4 year old girl was the one crying because there was too much political talk on the radio. you might be asking, how does she feel today now that the election is a thing of the past? >> there is going to be a president. >> barack obama. >> she is happier in this video. the video of her crying over mitt romney has become a youtube sensation, more than 15 million views. her mom says she posted the new video of her daughter becau
the pressing issue is figuring out how to keep american from going off the fiscal cliff. if it isn't resolved taxes will increase and a huge federal spending cut across the board. president obama plans to meet with leader as at the white house this week. >>> president obama and vice president joe biden are taking america's economic woes seriously. today the two will be meeting with leaders from the labor community to discuss the deficit. president obama is expected to meet with members...
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Feb 18, 2013
02/13
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this is part of the scaled back fiscal cliff year pass at the beginning of the year. they agreed to postpone across the board spending cuts by two months. now the deadline is almost here and it's less than two weeks away and if congress can't reach a deal massive cuts aimed at reduing the deficit by 1.2 trillion dollars over the next 10 years will go into effect. federal agencies would face 85 billion dollars in cuts that could lead to furloughs for as many as 2 million workers. the pentagon fears it would have a drastic effect on the military. last week, democrats proposed delaying the cuts once gone but republicans are saying no way. >> we are here because the president in the last session refused to cut spending in anyplace and we wound up with the sequester. >> reporter: and you are going to be hearing the word a lot sequester. it's how dc is referring to the ought mat being across the board spending cuts due on march 1st. live in federal hill, linda so, ab catch the 2 news. >>> today is -- abc2 news. >>> today is president's day but parking meters will be in effe
this is part of the scaled back fiscal cliff year pass at the beginning of the year. they agreed to postpone across the board spending cuts by two months. now the deadline is almost here and it's less than two weeks away and if congress can't reach a deal massive cuts aimed at reduing the deficit by 1.2 trillion dollars over the next 10 years will go into effect. federal agencies would face 85 billion dollars in cuts that could lead to furloughs for as many as 2 million workers. the pentagon...
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Jan 3, 2013
01/13
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the fiscal cliff deal was passed late tuesday night and preserves tax cuts for those earning less than $400,000 and also extends unemployment benefits. >>> and it is going to be an emotional day for the survivors of the sandy hook elementary school shooting. >> coming up today they are going back to class in a different building. it's the first day back since that massacre three weeks ago. crews spent weeks furnishing the newly repurposed school located in a nearby town. desks from sandy hook were taken to the school along with backpacks and other belongings left behind after the shooting. 20 children and six adults were killed when a gunman opened fire. the sandy hook elementary school principal was one of the victims. her daughter says she will be there when the kids walk into that school today. >> yeah, i saw a couple of her staff members and you know just the little pieces they picked up of the doughnuts that she used to bring in and somebody saying we're going to miss those. i said i'll bring them. she'll still be there. i'm going to be proud of every single kid that walks in the
the fiscal cliff deal was passed late tuesday night and preserves tax cuts for those earning less than $400,000 and also extends unemployment benefits. >>> and it is going to be an emotional day for the survivors of the sandy hook elementary school shooting. >> coming up today they are going back to class in a different building. it's the first day back since that massacre three weeks ago. crews spent weeks furnishing the newly repurposed school located in a nearby town. desks...
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Jan 1, 2013
01/13
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senate overwhelmingly passed a budget deal to avert the physical cat cliff -- fiscal cliff which would increase taxes and set into motion deep spending cuts. this is video of vice president joe biden after a meeting with top senate leaders. but the house of representatives has to vote on the measure. they left capitol hill yesterday without approving deals. so can congress get this done and finalize today? the deadline is passed and we could know by lunchtime today. here's ed payne with -- pain with -- payne with more on the story. >> reporter: at the stroke of midnight, many americans were celebrating and ringing in the new year. but the mood in washington was much more serious.vice president joe biden went to capitol hill monday night after senate leaders struck a deal with the white house. >> happy new year. >> reporter: the senate went back into session and around 2 a.m. the vote was in. >> the bill as amended is passed. >> reporter: in an 89-8 vow they approve a measure -- vote, they approveed a measure -- he proved a measure to keep bush era tax cuts for those earning less than 4
senate overwhelmingly passed a budget deal to avert the physical cat cliff -- fiscal cliff which would increase taxes and set into motion deep spending cuts. this is video of vice president joe biden after a meeting with top senate leaders. but the house of representatives has to vote on the measure. they left capitol hill yesterday without approving deals. so can congress get this done and finalize today? the deadline is passed and we could know by lunchtime today. here's ed payne with -- pain...
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Jan 3, 2013
01/13
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cliff. it boosts taxes on the wealthiest americans while preserving tax cults for most american -- cuts for most american households. the president signed the bill using what's called an autopen. it's a mechanical device that mimics the president's signature. >>> happening today, for the first time since the gunman opened fire at their school students from sandy hook elementary returned to class and no doubt it is going to be an emotion normal day. crews spent weeks furnishing if new school located in a nearby town and desks from sandy hook were taken to the school along with backtracks and other things left behind after the shooting. 20 children and six dumbs were killed -- adults were killed. parents of the students are dealing with the tragedy as best they can. >> there's no real playbook for this. i don't think any of us really have a braybook and we're -- playbook and we're kind of just sensing our child and trying to meet the needs that we can and just support them as best as we possib
cliff. it boosts taxes on the wealthiest americans while preserving tax cults for most american -- cuts for most american households. the president signed the bill using what's called an autopen. it's a mechanical device that mimics the president's signature. >>> happening today, for the first time since the gunman opened fire at their school students from sandy hook elementary returned to class and no doubt it is going to be an emotion normal day. crews spent weeks furnishing if new...
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Dec 27, 2012
12/12
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hammer out a deal with republicans to avoid sending the economy over the fiscal cliff. charlie's at the live desk right now this morning with more on the battle ahead for both sides of the debate. charlie the 11th hour. >> the future, the immediate future of our taxes hang in the balance. the president and house republicans are now set to square off once more to cut a deal. with just five days remaining before the tax hikes and departmental cuts take effect. before christmas house republicans failed to pass the alternate plan instead placing the responsibility on president obama and senate democrats' shoulder. according to the "washington post" gop leaders vowed to go into session to vote on anything the democratic controlled senate approved. however speaker john boehner demanded the senate first take a look at the bill the house moved through a month ago that preserved the expiring tax cuts for the wealthy as well as the middle class. that's not likely given the president's position on raising taxes for those making more than $250,000 a year. >> i want us to not go ove
hammer out a deal with republicans to avoid sending the economy over the fiscal cliff. charlie's at the live desk right now this morning with more on the battle ahead for both sides of the debate. charlie the 11th hour. >> the future, the immediate future of our taxes hang in the balance. the president and house republicans are now set to square off once more to cut a deal. with just five days remaining before the tax hikes and departmental cuts take effect. before christmas house...
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Feb 18, 2013
02/13
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this is all part of that scaled back fiscal cliff deal congress passed at the beginning of the year. at the time they agreed to postpone across the board spending cuts by two months. now the deadline is almost here and less than two weeks away and if they can't reach a deal by march 1st, massive cuts aimed at reducing the deficit at 1.2trillion dollars will go into effect. federal agencies would face 85 billion in cuts that could lead to furloughs for as many as 2 million workers. it would have a drastic effect on the militariy. last week democrats proposed delaying the cuts once again. but republicans are saying no way. >> we are here because the president back in the last session of congress refused to cut spending in anyplace and therefore we wound up with this sequester. >> reporter: now you will hear that word a lot sequester and washington is referring to the spending cuts due on march 1st. linda so, abc2 news. >>> 6 minutes after 5 right now. there's sad news in the world of country music. star mendy mccready was -- mindy mccready was found dead on her front porch in her home
this is all part of that scaled back fiscal cliff deal congress passed at the beginning of the year. at the time they agreed to postpone across the board spending cuts by two months. now the deadline is almost here and less than two weeks away and if they can't reach a deal by march 1st, massive cuts aimed at reducing the deficit at 1.2trillion dollars will go into effect. federal agencies would face 85 billion in cuts that could lead to furloughs for as many as 2 million workers. it would have...
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Feb 7, 2013
02/13
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. >> we may not have gone over the fiscal cliff however the government is still looking at the possibility of major cuts. some agencies are letting employees know there could be cuts across the board. thedepartment of transportation sent out a letter explaining those impacted would get at least one month's notice. abc2news is working for you tonight trying to explain what could happen to our military if congress doesn't act by march first. eight hundred americans could be furloughed for twenty-two days. there could be cuts in training and naval operations would slink whic zing. this is a real complicated and developing story and one you can get the latest from on our website at abc2news.com. >> a girl comes home from school with her shoes dublth taped to -- duct taped to her feet with no explanation. hearfrom the parents demanding answers tonight. >> crystal clear tonight but when will the rain and wind come, i have the answer. >> and dogs are left scratching even after flea and tick treatment. find out why this medicine isn't working as well when abc2 news comes back. there is no mass-pro
. >> we may not have gone over the fiscal cliff however the government is still looking at the possibility of major cuts. some agencies are letting employees know there could be cuts across the board. thedepartment of transportation sent out a letter explaining those impacted would get at least one month's notice. abc2news is working for you tonight trying to explain what could happen to our military if congress doesn't act by march first. eight hundred americans could be furloughed for...